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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Letting agency owner ordered to pay £25,000 to victims

A convicted Surrey letting agent who used his clients’ money to cover his business debts has been ordered to pay £25,000 to compensate his victims.   Chandra Patel,...

Agency hands over £865 after students win deposit court case

A group of students in Bristol has won a court case after a lettings agency acting for a landlord deducted money from their rental deposit.   The Independent...

Agent must pay £5,000 'no redress' fine to local council

The operator of a troubled letting agency in Huddersfield has had until this week to pay a £5,000 fixed penalty notice fine issued by his local...

Build To Rent operator names managing agency for first scheme

L&G, one of the biggest firms involved in Britain’s Built To Rent sector, has named the agency it is appointing to look after a new scheme...

Lettings firm pledges to remove testimonials after complaint

Bristol lettings agency Livnlet has told the Advertising Standards Authority it is removing four testimonials from its website after a complaint from someone who posted a...

Letting agent on bail after theft and fraud charges

The director of a letting agency in Devon has been released on bail until June 2.   In November and December, Letting Agent Today reported stories from Plymouth...

Fewer landlords likely to sell, Paragon lettings survey reveals

Tenant demand for private rented accommodation is continuing to rise according to a market report from specialist lender Paragon Mortgages.    While a year ago Paragon reported that...

Fees ban 'highlights need for professional inventories' - claim

Professional independent inventories can save money for landlords at a time when tax changes threaten to make private letting for expensive for investors.    This is the message...

Trade body wants much stricter regulation on letting agents

The Chartered Institute of Housing wants the government to introduce a raft of new measures including significantly greater regulation of letting agents. The CIH has voiced its...

Sub-let 'agency' markets rental homes on portals and Airbnb

A new form of agency which wants to blend traditional letting with Airbnb-style short lets has launched in London.    Lavanda claims it can increase net rental yields...

Long-term renting increasingly routine, according to survey

Four in 10 people who rent a home expect still to be renting a property for up to a decade, according to a new survey of...

136% annual growth in London Airbnb listings - claim

A company selling management services for owners short-letting their properties says there has been a 136 per cent rise in the number of London properties listed...

Housing minister wants agents to say what they think of White Paper

Housing minister Gavin Barwell is organising a series of regional meetings for property professionals to give him their view of his controversial Housing White Paper.  The document...

Rental sector enjoys 'robust start to year' says board company

The latest data from Agency Express shows what the board company describes as “a robust start to 2017” as the rental market gained momentum during January.  National...

Protests turn to celebrations as Santander drops mortgage clause

Protests planned by tenants’ groups for many Santander bank branches over the past weekend turned instead into celebrations after the institution agreed to drop a controversial...

Illegal buy to let house conversion ends with bill of £108,000

A buy to let landlord who converted an Uxbridge house into two flats without planning permission has been ordered to pay £108,000, following legal action by...

Tenants face rent rises of 30% warns ex-Bank of England chief

Tenants face potential rent increases of between 20 and 30 per cent as a result of tax rises hitting landlords, says a former independent member of...

Trade group backs banning orders on rogue agents, landlords

A trade body has backed government plans to introduce so-called ‘banning orders’ for rogue letting agents and landlords, but it says the new rules must be...

Confirmation: cost and location are key factors for tenants

The latest survey from a specialist landlord insurance firm confirms what many in the industry will have known for a long time - cost and location...

Property manager fined along with rogue landlord

A series of prosecutions of rogue landlords by a London council has also seen a so-called ‘property manager’ fined a four-figure sum.   One rogue landlord was ordered...

Buy To Let tax opponents pledge "shock and awe" on Shelter

Opponents of the proposed change to mortgage interest tax relief for landlords have promised what they call a “shock and awe” campaign to try to persuade...

Right To Rent 'discriminates against international students'

Right To Rent is encouraging discrimination against international students according to a student lts online service.    Government figures marking the first anniversary of Right To Rent at...

17 letting agencies sign up to Labour MP's rental charter

A total of 17 letting agencies have signed up to a rental charter set up by a Labour MP.   Alan Whitehead, Labour MP for Southampton Test, set...

Person needs £40k salary to rent alone in London - claim

A new online estate agency based in London says that to rent the recommended space for a single person in the capital, he or she must...

City seeking to introduce third phase of selective licensing

Manchester, which already has a major private rental sector licensing scheme, is now consulting on extending it with a third phase of selective licensing.   The new regime,...

Lettings survey shows huge lack of landlord awareness

The need for letting agencies to assist landlords with the increasingly-complicated private rental sector has been hammered home by the results of a survey of almost...

Controversial lettings agency shuts office with no notice

A letting agency at the centre of a controversy following a ruling by The Property Ombudsman has shut its office and - according to the local...

Tory MP wants action as Trading Standards begin agency probe

Conservative MP Oliver Colvile is calling for urgent action following a recent spate of fraud involving rogue letting agents.   When approached by BBC South West, investigating allegations...

Agency withdraws publicity after complaint over portal claim

Northwood GB has withdrawn a circular following a complaint regarding a reference to Rightmove visits.   A circular for Northwood GB stated: “Did you know that between Christmas...

Economists asked to assess impact of buy to let tax changes

A trade group has commissioned a firm of economists to look at how the government’s mortgage interest tax relief change - due in six weeks time...

New evidence of buy to let mortgages at record low costs

A second firm is suggesting that the cost of Buy To Let mortgages has fallen to a record low - but warns that further reductions are...

NALS offers member-agents free legal helpline and support

The National Approved Letting Scheme is linking with legal firm Moore Blatch to offer member agents access to a free legal helpline and support.   The association says...

PropTech firm warns industry on poor consumer service

Poor communication, not being treated as a customer, and the time it takes to get property issues resolved have topped the list of frustrations for tenants,...

Countrywide: most landlords now pay cash for buy to lets

Countrywide claims that the proportion of landlords paying in cash for a property reached 61 per cent in January, the highest since records began a decade...

Short-lets explosion: 'Airbnb time limits just won't work'

The explosion in the short-lets sector continues apace with one third of London councils telling the BBC that Airbnb’s 90-day time maximum for hosts letting out...

Rents rising twice as fast as a year ago claims Countrywide

Countrywide says that last month the cost of a new let was 2.6 per cent higher than in the same month last year, the fastest January...

Right To Rent 'discriminating against legal tenants' - claim

A report out today claims foreigners and Britons without passports, particularly from ethnic minorities, are being discriminated against in the lettings sector because of Right to...

Lobby MPs against buy to let tax changes ... urges a Tory MP

Saturday is traditionally the day many MPs hold their constituency surgeries, listening to grievances and opinions from their electors.    Conservative member of parliament James Gray wants you...

Good news on BTL mortgages - some now at record low cost

Despite the challenges faced by the buy to let sector, mortgage companies are fighting hard for business - and two and three year fixed rate products...

Section 21: few tenants and councils use new powers - claim

A BBC survey claims that powers to combat so-called ‘revenge evictions’ are not being used by the majority of councils in England.   From October 2015 it became...

'Flatmate-finder' website tempting agents with free listings

An online platform describing itself as a ‘matchmaker’ for prospective flatmates is temporarily offering letting agents free listings in a bid to boost its inventory.   Ideal Flatmate...

Many buy to let investors 'set to reduce portfolios in next year'

The Royal Institution of Chartered Surveyors has given a stark warning about the cumulative effect of the additional homes stamp duty and the change to mortgage...

Longer tenancies will NOT apply to Buy To Let properties

The government has stepped in to clear up misunderstandings emerging from the Housing White Paper following its high profile call for longer tenancies in the private...

Fraudster jailed after keeping 'holding deposits' from tenants

A fraudster has been jailed after being convicted on nine counts of fraud, theft and forgery relating to property firms which illegally kept ‘holding deposits’ paid...

Average rent in England and Wales is £811 says Your Move

Average rents ended 2016 higher than they started it according to figures from Your Move relating to England and Wales.   The average property was let for £811...

Rightmove and Zoopla partner property management app

Rightmove and Zoopla have entered into partnerships with a property management app - Rentr - which is aimed at lettings sector operators.   Rentr allows landlords and tenants...

Shelter says government must deliver on longer tenancies

Shelter - the campaigning charity many feel has had influence on government policies for the lettings sector - has now turned around and criticised the Housing White Paper...

Letting fees ban still unlikely to be introduced until 2018

The government’s Housing White Paper may have made many broad pledges aimed at the private rental sector, but it still remains vague on progress on the...

Industry anger at government 'failing to fix broken market'

Agents and many industry bodies have expressed their disappointment and anger at many provisions of the Housing White Paper produced by the government.   “Many of the proposed...

Government considers mandatory Client Money Protection

The government has announced in its Housing White Paper that it is still “working with industry experts” to consider whether Client Money Protection should be compulsory.   A...